Chicago-based private equity firm Victory Park Capital Advisors is setting up a listed fund to invest in loans originating on online platforms like Prosper and Funding Circle, the latest sign of the allure the fast-growing peer-to-peer lending market holds for institutional investors.

Victory Park plans to launch the fund -VPC Specialty Lending Investments - in a £200 million initial public offering in London, according to a marketing document for investors seen by The Wall Street Journal.